Great Thunder Provides Updates from the Newfoundland & Fenelon Gold Camps
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2021) - Great Thunder Gold Corp. (CSE: GTG) (OTC Pink: GTGFF) (FSE: M4KQ) ("Great Thunder" or the "Company") would like to provide an outline of its exploration plans for its Newfoundland properties and provide results of its drilling activities in Quebec at its Southern Star property in the Fenelon Gold Camp.
Newfoundland Project Developments
Great Thunder has begun mobilizing an exploration crew to its newly acquired projects in Newfoundland. The Phase 1 program will consist of geological mapping, prospecting, geochemistry sampling, and ground geophysics utilizing both magnetic ("MAG") and Induced Polarization ("IP") surveys.
The province of Newfoundland, Canada has seen a surge of exploration and development excitement that has created a rush. In early 2020, New Found Gold Corp. announced a discovery of 92.86 g/t gold over 19m (included 285.2 g/t gold over 6 metres). Just last week, they released a new high-grade discovery with an intersection grading 430.17 g/t gold over 5.25 metres. Marathon Gold Corp. also have generated great interest in this area where recent discoveries and ongoing drilling campaigns around their resource of 3.14 million oz gold Indicated and 1 million oz gold in the inferred mineral resource category.
Great Thunder has recently positioned the Company with +11,000 hectares of strategically located ground in active gold-bearing structural corridors and continues to negotiate for additional prospective claims in exciting areas of the province.
Figure 1. Rodgers Cove, Grub, and Bursey North combined with the Bursey claim group location along the GRUB Fault line
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Figure 2. Wigwam project located near neighbours such as Altius Minerals, Sokoman Minerals and New Found Gold
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Fenelon Gold Camp
Analytical results for the Company's first-ever diamond drill program on the Southern Star property in the Fenelon Gold Camp have been received. Great Thunder completed four drill holes totalling 2,425 metres (see press release dated May 4th, 2021). No significant assays results were reported. The Southern Star property consists of 275 claims located 6.5km south of the Wallbridge Fenelon Gold Project where Wallbridge recently announced high-grade gold intercepts including 23.7 g/t Au over 24.9m (see WM press release dated June 29th, 2021).
Drill targets for the Southern Star drill program consisted of airborne EM anomalies concentrated in the northern portion of the property (Figure 2). The Company has over $2M to spend in Quebec on exploration activities and much of the property remains unexplored and will be the focus of additional drill programs as targets are defined. The Company is considering utilizing an Artificial Intelligence company that could analyze all of the historic data and publicly available data from the entire Fenelon Gold Camp to assist with potential drill targeting on Great Thunder's 15,231.47 hectares in the district.
Figure 3: GTG's Map of Southern Star Drilling Area for March 2021
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Qualified Person
Donald Théberge, P.Eng., M.B.A., an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.
About Great Thunder Gold
Great Thunder Gold is a junior Canadian mining exploration company focused on exploration and development along the Detour Gold trend and the La Corne pegmatite field in Quebec and the New Found Gold trend in Newfoundland. The Company is one of the largest mineral claim holders in the Fenelon Gold Camp next to the leading Wallbridge Mining.
On Behalf of the Board of Directors,
GREAT THUNDER GOLD CORP.
"Blair Naughty"
President & CEO
Investor Relations
Email: info@greatthundergold.com
Direct Line: (236) 513-4653
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement
This news release may contain certain "forward-looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89671